The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal places.) Part 3 The daily cost of faster shipping with Alternative 2 is $________. (Enter your response rounded to two decimal places.) Part 4 The daily cost of faster shipping with Alternative 3 is $________. (Enter your response rounded to two decimal places.) Part 5 ▼ Alternative 1? Alternative 2? Alternative 3? is more economical.
The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal places.) Part 3 The daily cost of faster shipping with Alternative 2 is $________. (Enter your response rounded to two decimal places.) Part 4 The daily cost of faster shipping with Alternative 3 is $________. (Enter your response rounded to two decimal places.) Part 5 ▼ Alternative 1? Alternative 2? Alternative 3? is more economical.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Your options for shipping
$104,800
of machine parts from Baltimore to Kuala Lumpur, Malaysia, are (1) use a ship that will take
30
days at a cost of
$3,370,
or (2) truck the parts to Los Angeles and then ship at a total cost of
$5,030.
The second option will take only
18
days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at
30%
of the value per year.If you have a third option and it costs only
$4,080
and also takes
18
days, what is your most economical plan?Part 2
The daily holding cost of Alternative 1 is
$________.
(Enter your response rounded to two decimal places.)Part 3
The daily cost of faster shipping with Alternative 2 is
$________.
(Enter your response rounded to two decimal places.)Part 4
The daily cost of faster shipping with Alternative 3 is
$________.
(Enter your response rounded to two decimal places.)Part 5
▼
Alternative 1?
Alternative 2?
Alternative 3?
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